Unprecedented: Stock exchange loses $1.5bn on Monday

According to Nigeria’s top economy & financial analysis website, Naira metrics, the Nigerian Stock exchange closed on a terrible note as over 1.5 billion dollars was lost on the trading floor on Monday.

According to the Founder of Naira Metrics “Nigerian Stock Market closes all blood. Over N300b lost in one day. This is unprecedented!”

The Nigerian Stock Exchange continued its losing streak, as the All Share Index (ASI) shed 4.10% in today’s trading to close at 22,550.83. The 4.10% drop in the ASI index translates to over N300 billion lost in trading today alone.

Here is a snapshot of the day’s trading;

 

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